New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1887-03-22
RAILROAD INTERESTS.
APPEAL FROM READISG FORECLOSURE


gage Alfred Suy in the city to-day. but he
fore he this afternoon he said: do not think this
appeal will reard Reading reorganization one particle
Greater obstacles than tis have been encieiu III ,ie
process of the adius of headings affairs and ihey
have all been readily overcome. AT any rate u would
only he necessary TO raise par ana 'eieS, ior VIC poS %
there is in it," Friends of Mr. larsnns freely declared
that the syndicate aud the reorganization plan IN
a hole. from which they would lind 1t diheait 10 cAtr
cate themselves
H Coster, junior partner in the firm OF Drex"l.
Morgan Co.. said: "wo know nothing about this suit;
yon had better Philadelphia lawyer presume
IL Is the action OF some kckns oondhol cf, nn & nav
taken enough interest In the matter even To inquire
OWNERSHIP OF BALTIMORE AND ONO
In the absence OF definite announcer ent In regard Ia
the control OF the Baltimore and Ohio Railroad was
concded by Wall Street yesterday there would te
no Immediate change in the ownership Whether the
Ivesstayner syndicate completed The first payment on
Its option could not he acertancd IL was admitted that
II had put up 100000 ani that the balance OF the first
million dollars certainly due. but whether the bal
ance had paid a further extension obtained was
made public Henry s. Ives either refused 90 SEQ
porers reply inquiries stated that he had nothing
whatever 10 say Some porSon' said Painly that II The
option had been exercised there would have been no de
lay In making the result Thoroughly well known. Tue
persons previously connected win the all 'sed " deal
Rumors that the Atehi.on Connany was the real pur
from Boston, together with points u buy
Atchis Oh stock A welknown Boston broker appar-
entity the OF all the rmOrs IL was concluded tha
II option nad becn exercised. thc buyers hai Dech
carefully concealed.
TRIBUNE reporter sent In his card 10 Henry s. ives
with an inquiry To whether he had anything 10 say
Mr. Ives sent back word that he was much ODnged Dut
" he had nothing 10 say to-day
BALTIMORE. March II (SpeeIb. 1T was learned today
that Mr. Garrett has had number OF brokers looking for
small lots of Baltimore and ONO stock the last week aud
buying IL up quietly whonever they got the chance. To
day brokers bought 500 shares aud abOnt the
time the shares changing hands prices went
up from 10 Ia Ii Is understood that the long con
unucd uncertainty attending the deal has led many
tmid persons. who holders Of from five TO ten or
twenty shares each TO SELL having become suspicious OF
Mr. Garretrs movements: 4" You will find" said lnan-
ier to-day, that the public will nothing but
about the Baltimore and OHIO deal until Mr. Gar
bought In all the stock lie wants. which Will be
soon"
The merc1n will state tomorrow the hest authority
that the Baltimore and Ohio deal Is an accomplished
fact The Of the participants. the roads
TO be consolidated and the details are stlll
kept In II Is also stated on tine same authority
that the road will pass out OF Mr. Garrets manage
and that Jay Gould will have no hand or voice la
the arrangement IL is understood that this inorma
ton comes direct from Mr. Garrett
PHILADELPHIA March q (specian. Alfred sully was
here today and he stated that far he concerned
the deal with the Baltimore and OHIO Is off, The pay
OF the lvesSayner party to Mr. Garrett for the
right call a controlling amount OF the the Bal
tmore and Ohio Is asceraned here to be $275000 They
are to pay $500 share and represent the Cincinnati
Hamilton and Day ton Railroad.